Gateway Investment Advisers LLC Buys 588 Shares of Polaris Inc. (NYSE:PII)

Gateway Investment Advisers LLC boosted its position in shares of Polaris Inc. (NYSE:PII) by 7.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,351 shares of the company’s stock after purchasing an additional 588 shares during the period. Gateway Investment Advisers LLC’s holdings in Polaris were worth $481,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PII. Envestnet Asset Management Inc. increased its holdings in Polaris by 0.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 91,612 shares of the company’s stock valued at $7,174,000 after purchasing an additional 831 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Polaris by 10.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 983,206 shares of the company’s stock worth $76,994,000 after acquiring an additional 96,194 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its position in Polaris by 67.8% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 4,657 shares of the company’s stock valued at $365,000 after acquiring an additional 1,881 shares in the last quarter. Hsbc Holdings PLC bought a new position in shares of Polaris in the second quarter worth about $1,211,000. Finally, XTX Topco Ltd acquired a new position in shares of Polaris during the second quarter worth approximately $832,000. 88.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. DA Davidson dropped their price objective on shares of Polaris from $84.00 to $69.00 and set a “buy” rating for the company in a research report on Friday. Truist Financial dropped their target price on Polaris from $76.00 to $60.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Robert W. Baird decreased their price target on Polaris from $84.00 to $72.00 and set an “outperform” rating on the stock in a report on Monday, December 30th. StockNews.com lowered Polaris from a “hold” rating to a “sell” rating in a research report on Wednesday, January 8th. Finally, Royal Bank of Canada cut their target price on shares of Polaris from $82.00 to $73.00 and set a “sector perform” rating on the stock in a research report on Wednesday, October 23rd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Polaris has an average rating of “Hold” and a consensus target price of $79.60.

Polaris Trading Down 3.1 %

Shares of NYSE PII opened at $55.47 on Friday. Polaris Inc. has a twelve month low of $52.77 and a twelve month high of $100.91. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 15.49, a P/E/G ratio of 4.84 and a beta of 1.53. The company has a quick ratio of 0.32, a current ratio of 1.21 and a debt-to-equity ratio of 1.28. The company’s fifty day moving average is $61.91 and its 200-day moving average is $73.57.

Polaris (NYSE:PII) last announced its quarterly earnings results on Tuesday, October 22nd. The company reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.15). Polaris had a return on equity of 17.92% and a net margin of 2.64%. The business had revenue of $1.72 billion during the quarter, compared to the consensus estimate of $1.77 billion. During the same quarter last year, the company earned $2.71 earnings per share. The firm’s revenue was down 23.4% compared to the same quarter last year. Equities research analysts predict that Polaris Inc. will post 3.22 EPS for the current year.

Polaris Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 2nd were issued a dividend of $0.66 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.76%. Polaris’s payout ratio is 73.74%.

About Polaris

Polaris Inc designs, engineers, manufactures, and markets powersports vehicles in the United States, Canada, and internationally. It operates through three segments: Off-Road, On-Road, and Marine. The company offers off-road vehicles (ORVs), including all-terrain vehicles and side-by-side vehicles; military and commercial ORVs; snowmobiles; motorcycles; and moto-roadsters, quadricycles, and boats.